Jay Rasulo to Step Down as Walt Disney Company CFO at End of June

Jay Rasulo is stepping down as The Walt Disney Company’s chief financial officer at the end of this month, the company announced Monday. A replacement will be named at a later date.

“Jay has been a valued colleague and friend, as well as a vital contributor to Disney’s success, particularly in his roles as chief financial officer and chairman of our Parks and Resorts division,” Disney Chairman and CEO Bob Iger said in a statement. “I look forward to working with him in this new advisory role, where his strategic acumen and savvy insight will continue to benefit the company.”

“It has been a true honor to work at Disney for these many years, and for a great leader in Bob Iger,” Rasulo said. “And as I look to the horizon for future endeavors, I am privileged to continue my friendship with Bob and remain as an advisor to him and the Disney team.”

After his official resignation kicks in on June 30, 2015, Rasulo will continue to serve in an advisory capacity to Iger, assisting in the transition.

Rasulo is also a senior executive vice president at Disney, where he was responsible for the operation of recently acquired Maker Studios.

Prior to becoming CFO five years ago, Rasulo served as chairman, Walt Disney Parks and Resorts, where he oversaw the launch of a major expansion of Disney’s California Adventure, the opening of Hong Kong Disneyland, the addition of two new cruise ships to Disney Cruise Line, and initial development of the new Shanghai Disney Resort.

Before leading Parks and Resorts, Mr. Rasulo was chairman and CEO of Euro Disney; he also served as senior vice president, corporate alliances and led Disney Regional Entertainment.

Rasulo joined Disney in 1986 as director of strategic planning and development. Prior to Disney, Rasulo held positions with Chase Manhattan Bank and the Marriott Corporation.

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